India Court Issues Order Banning Import, Sale Of Xiaomi Smartphones

India Court Issues Order Banning Import, Sale Of Xiaomi Smartphones
Indian media reports indicated that the High Court of Justice in Delhi ruled that Xiaomi  infringed the patents of Ericsson, and required Xiaomi to stop selling and importing cell phones in India. Ericsson asked Xiaomi to pay compensation for those patents, but got no response from Xiaomi. According to the ruling of the court, Xiaomi could neither import nor promote or sell products in India before it settles down with Ericsson.

JUMEI being investigated
Glancy Binkow & Goldberg LLP, an American law firm announced this Wednesday that it is representing the equity investors of JUMEI (NYSE: JMEI). Currently this firm is looking into the issue that whether JUMEI violated any federal securities regulations, which mainly concentrating in the business, financial performance and projected performance of JUMEI.

Japanese company Balmuda responded on Xiaomi's Plagiarism
The air cleaning engine that Xiaomi recently released is highly similar to Balmuda's product the Air Engine. A spokeman from Balmuda declared that Balmuda is not cooperating with Xiaomi, and has not authorized its patent to XIaomi.

Morgan Unloaded its shares of WUBA
Morgan Stanley recently sold 310,000 shares of WUBA, thus the latter's price dropped by 17% in three days.

Youku Tudou Entered Smart Hardware Field
Youku Tudou announced the formation of Cloud Entertainment, aiming to carry out multi-screen entertainment by its smart terminals. Youku Tudou released three hardware products yesterday: Youku Box, Youku Router and “Tudou Pie”.

Xiaomi puts more resources into its game business
In addition to its TV, mobile phone and router business, Xiaomi plans to subdivide its game business.

Lenovo recalled the power lines of its laptops worldwide
Lenovo recalled the AC power lines of IdeaPad, Lenovo and Zhaoyang laptops produced during Feb 2011 to June 2012 due to fire risk.

(English) Tencent's Ma sells $387m shares, filings reveal
The chairman and chief executive of Tencent Holdings Ltd has cashed in shares worth HK$3 billion ($387 million) in the Chinese Internet firm this month, according to regulatory filings made with the Hong Kong stock exchange.

(English) Inflation hits five-year low

China's inflation rate slid to a five-year low of 1.4 percent in November, official data showed Wednesday, triggering speculation over the further easing of monetary policies to spur economic growth, following an interest rate cut on November 21.